Tax Modules 11-14 Questions And
Answers With Verified Solutions 100%
Correct!!!
1. A tax credit is a dollar-for-dollar reduction of the tax.
ANSWER: True
2. All taxpayers with children can claim the earned income credit.
ANSWER: False
3. For the earned income credit, a child can be claimed as a qualifying
child on more than one tax return.
ANSWER: False
4. The contrast between a tax deduction and a tax credit is that
ANSWER: A tax credit is more beneficial than a tax deduction for the
same amount
5. Which of the following is an example of earned income?
ANSWER: Salaries
6. Assuming that all other rules are met, which taxpayer cannot claim the
earned income tax credit?
ANSWER: All of Allen's income is from interest and dividends.
7. Alicia and her youngest sister live alone together, and Alicia cares for
her youngest sister as her own child. Assuming that the other rules are
met, can Alicia's sister be considered a qualifying child?
ANSWER: Yes
Answers With Verified Solutions 100%
Correct!!!
1. A tax credit is a dollar-for-dollar reduction of the tax.
ANSWER: True
2. All taxpayers with children can claim the earned income credit.
ANSWER: False
3. For the earned income credit, a child can be claimed as a qualifying
child on more than one tax return.
ANSWER: False
4. The contrast between a tax deduction and a tax credit is that
ANSWER: A tax credit is more beneficial than a tax deduction for the
same amount
5. Which of the following is an example of earned income?
ANSWER: Salaries
6. Assuming that all other rules are met, which taxpayer cannot claim the
earned income tax credit?
ANSWER: All of Allen's income is from interest and dividends.
7. Alicia and her youngest sister live alone together, and Alicia cares for
her youngest sister as her own child. Assuming that the other rules are
met, can Alicia's sister be considered a qualifying child?
ANSWER: Yes
